Nechung Foundation Inc

Analysis

Nechung Foundation Inc is a registered charity in United States, based in Poughquag, NY. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nechung Foundation Inc reported income of $114k and spending of $68k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $114k (+257%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 79% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nechung Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include As He Is Ministries Inc ($114k), Caneille Regional Development Fund Inc ($114k) and Covering All Nations ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $5,660 in professional fundraising fees. At year end it held assets of $747k against liabilities of $747k, net assets of $0.